As of December 2024, Bitcoin’s price is around $96,395, and it’s going up fast. People think it could soon hit $100,000 or even go as high as $104,584. But if it doesn’t keep rising, it might stay around $96,000 for a while.
Why is Bitcoin Going Up?
1. Big Companies Are Interested: Many big businesses are investing in Bitcoin, which makes it more popular.
2. Tech Improvements: Bitcoin’s system is getting faster and safer, which attracts more users.
3. Global Money Problems: In some countries, money is losing value, so people are using Bitcoin instead.
Important Price Points
$95,000: If Bitcoin drops, this is a strong level where people might start buying again.
$100,000: A big milestone. If Bitcoin passes this, the price could shoot up quickly.
$104,584: This is the next possible high if Bitcoin keeps climbing.
What Could Go Wrong?
1. Government Rules: If new laws make it harder to trade Bitcoin, the price could drop.
2. Selling Pressure: Some people might sell their Bitcoin to make a quick profit, which could
